Companies & Markets

Delta’s growth hinges on tax dispute resolution

Kudzanai Gerede, Companies and Market Editor01.5K views

DELTA Corporation’s non-alcoholic beverages business supported over 27 000 jobs in the country, con­tributing US$473 million in eco­nomic activity across the local value chain, the company’s chief executive Matlhogonolo Valela has said.

DELTA Corporation (Del­ta) says the outcome of its US$97 million tax dis­pute with the Zimbabwe Revenue Authority (Zimra) will be critical to the company’s future growth, with management warning that settling the liability could force the company to scale back expan­sion plans. The beverages giant, which re­cently reported a record US$1,09 billion in revenue for…

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